Canada

Cleanup boost for old oil and gas sites to create jobs

Cleanup boost for old oil and gas sites to create jobs

Petroleum Services Association of Canada applauds Alberta government for introducing orphan wells program The Alberta government introduced legislation that would allow it to lend Orphan Well Association (OWA) $235 million to speed up proper abandonment and reclamation of a growing number of oil and gas well sites that no longer have a responsible owner, according […]

Greenpeace looks to regulator to halt Trans Mountain IPO

Greenpeace looks to regulator to halt Trans Mountain IPO

Trans Mountain pipeline given approval by federal gov’t last year Environmental group Greenpeace is asking the Alberta securities regulator to halt Kinder Morgan’s IPO for the Trans Mountain pipeline until the company discloses the climate change risks associated with the pipeline to its potential investors. Kinder Morgan is looking to raise $1.75 billion in its […]

Industry group gets Alberta gov’t loan to clean up abandoned wells

Industry group gets Alberta gov’t loan to clean up abandoned wells

Number of abandoned wells spiked in 2014 The government of Alberta will loan the industry-funded Orphan Well Association (OWA) $235 million to clean up abandoned wells in the province. Premier Rachel Notley said the loan could help create up to 1,650 new jobs in reclamation work in the coming three years and reduce by about one-third […]

Canadian electricity prices increasing faster than inflation, trends vary by province

Canadian electricity prices increasing faster than inflation, trends vary by province

Alberta electricity costs initially higher than rate of inflation but then fell; by 2016 costs were well below 2007 levels Over the last decade, the electricity component of Canada’s consumer price index (CPI) increased faster than the price index for all consumer items, according to a government press release. In other words, on average, electricity costs […]

Alberta granted intervener status on Trans Mountain Expansion pipeline

Alberta granted intervener status on Trans Mountain Expansion pipeline

Need for clear, consistent and predictable rules and processes on interprovincial projects like Trans Mountain Alberta has been granted leave to intervene on the Kinder Morgan Trans Mountain Pipeline expansion project judicial review by the Federal Court of Appeal, according to a government press release. As an intevener, Alberta will be allowed to make both written […]

Pieridae Energy looking for natural gas acquisitions: CEO

Pieridae Energy looking for natural gas acquisitions: CEO

Pieridae Energy behind proposed LNG terminal on Canadian east coast Calgary-based Pieridae Energy Ltd. is looking to find sources of liquified natural gas to supply its proposed Goldboro LNG terminal in Nova Scotia. According to a Reuters report, Chief Executive Alfred Sorensen said the company is looking to buy about 200 million cubic feet/day of […]

Trudeau introduces Oil Tanker Moratorium Act for West Coast

Trudeau introduces Oil Tanker Moratorium Act for West Coast

Legislation proposes strong penalty provisions for contravention reaching up to $5 million Today, the Government of Canada introduced C-48, the proposed Oil Tanker Moratorium Act in Parliament, according to a government press release. This Act is delivering on the Just Trudeau Liberals’ campaign promise to formalize a crude oil tanker moratorium on British Columbia’s north coast. The […]

Alberta Energy Regulator vice-presidents stepping down

Alberta Energy Regulator vice-presidents stepping down

Hill retiring after 37 years with the regulator The Alberta Energy Regulator has announced that two executive vice-presidents are stepping down, and that Carol Crowfoot and Mark Taylor are replacing them, according to a press release. Crowfoot is the new executive vice president of Strategy and Regulatory, replacing Cal Hill; Taylor is the new executive vice president […]

Saskatchewan heavy oil production relatively stable despite lower prices

Saskatchewan heavy oil production relatively stable despite lower prices

Husky Energy, Blackpearl Resources report operating costs as low as 8-$9USD/b Despite lower oil prices and reduced drilling activity in western Canada since 2014, production of conventional heavy oil in Saskatchewan remained relatively stable, according to an NEB press release. Over this period, the benchmark West Texas Intermediate (WTI) oil price dropped 53 per cent and drilling activity […]

Alberta government to review orphaned and abandoned wells

Alberta government to review orphaned and abandoned wells

Currently 152,000 inactive or abandoned wells, 53,000 shy of total active wells in Alberta The Alberta government announced it’s working with industry and experts through a formal review process to find better ways to protect Albertans and the environment by improving policies for managing old oil and gas facilities, orphaned and abandoned wells, according to a Government […]